On Thursday the U.S. Supreme Court invalidated a controversial Purdue Pharma bankruptcy settlement plan that shielded Sackler family members from personal liability for their involvement in the opioid epidemic.
Articles Posted in Bankruptcy
Sackler Family’s Controversial Opioid Deal Cannot Stand, Says Supreme Court
No Relief for Debt Brought On by a Partner’s Fraud, Supreme Court Rules
The Supreme Court ruled on Wednesday that a woman could not discharge a debt in bankruptcy brought on by her husband and business partner's fraudulent behavior in selling a home they had flipped.
The Sackler Family Asks for Sweeping Immunity in Opioid Litigation
A federal bankruptcy judge is likely to approve Purdue Pharma’s bankruptcy plan, but signaled that he would not approve the Sackler family’s sweeping immunity demand as written.
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Bankruptcy, Health Care
Federal Judge Dismisses National Rifle Association of America’s Bankruptcy Case
On Tuesday, May 11, 2021, Judge Harlin D. Hale of the U.S. Bankruptcy Court, Northern District of Texas, dismissed the National Rifle Association of America's Chapter 11 bankruptcy case. Judge Hale warned that, should the NRA file a new bankruptcy case, the Court would consider appointing a trustee to fulfill the fiduciary duties required for a debtor in possession.
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Bankruptcy
